Ethereum on the Edge – The Breakdown Could Start Any Moment!Following yesterday’s analysis, where we identified Ethereum in the final stages of wave 5 of 5 at the upper boundary of its ascending channel, the 15-minute chart now reveals a contracting Neutral Triangle structure. This pattern typically forms as the final subdivision of wave 5, often preceding a sharp and decisive reversal.
Currently, price is testing the upper boundary of the B–D trendline. A confirmed breakdown from the E-wave low (≈ $4,590) would mark the completion of the triangle and signal the start of the anticipated decline.
Key Observations:
• Pattern: Neutral Triangle inside wave 5 of 5 (final stage of advance)
• Reversal Trigger: Break below E-wave low (~$4,590) on strong volume
